SteelPeak Wealth LLC Purchases 1,246 Shares of Costco Wholesale Corporation $COST

Key Points

• SteelPeak Wealth LLC raised its stake in Costco by 9.9%, buying an additional 1,246 shares to hold 13,886 shares worth about $11.97 million at the end of the quarter.
• Several large institutions also materially increased positions — notably Assenagon (+1,070,005 shares to 1,137,436), Amundi (+986,182 shares), Voloridge and Worldquant — leaving institutional investors with roughly 68.48% ownership of the stock.
• Costco reported a quarterly EPS beat ($4.58 vs. $4.55) and 9.2% revenue growth to $69.6 billion; the company has a $450.3 billion market cap, a P/E of 52.8, pays a $1.30 quarterly dividend (0.5% yield), and carries a consensus analyst rating of Moderate Buy with an average target of $1,039.13.

SteelPeak Wealth LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,886 shares of the retailer's stock after purchasing an additional 1,246 shares during the period. SteelPeak Wealth LLC's holdings in Costco Wholesale were worth $11,974,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Costco Wholesale by 1,586.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer's stock valued at $980,857,000 after buying an additional 1,070,005 shares during the last quarter. Amundi raised its holdings in shares of Costco Wholesale by 45.0% in the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer's stock worth $2,893,697,000 after buying an additional 986,182 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Costco Wholesale by 112.2% during the third quarter. Voloridge Investment Management LLC now owns 477,425 shares of the retailer's stock valued at $441,919,000 after acquiring an additional 252,453 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in Costco Wholesale by 638.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 227,310 shares of the retailer's stock valued at $225,023,000 after purchasing an additional 196,537 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Costco Wholesale by 55.0% in the second quarter. Canada Pension Plan Investment Board now owns 490,871 shares of the retailer's stock valued at $485,933,000 after acquiring an additional 174,082 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,014.96 on Friday. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,067.08. The stock has a market cap of $450.29 billion, a price-to-earnings ratio of 52.78, a PEG ratio of 5.01 and a beta of 0.99. The firm's 50-day moving average is $989.68 and its 200-day moving average is $940.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.The company had revenue of $69.60 billion during the quarter, compared to the consensus estimate of $68.96 billion. During the same period in the previous year, the company posted $4.02 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $1.30 per share. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale's dividend payout ratio (DPR) is 27.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 6th. Gordon Haskett increased their price target on Costco Wholesale from $1,000.00 to $1,100.00 in a research note on Tuesday, February 3rd. Mizuho increased their price target on shares of Costco Wholesale from $1,000.00 to $1,065.00 and gave the company an "outperform" rating in a research report on Tuesday, February 3rd. Rothschild & Co Redburn lifted their target price on Costco Wholesale from $890.00 to $1,000.00 and gave the stock a "neutral" rating in a report on Tuesday, February 17th. Finally, UBS Group set a $1,175.00 price target on shares of Costco Wholesale in a research note on Friday, March 6th. Twenty-two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of "Moderate Buy" and an average target price of $1,039.13.

Costco Wholesale News Summary

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Bernstein reaffirmed a bullish view on Costco and highlighted a long-term growth runway, which helped lift the stock as investors price in durable membership-driven growth. Costco Stock Pops as Analyst Flags Growth Runway
• Positive Sentiment: Sell-side support continues: Telsey Advisory reiterated an Outperform rating, reinforcing buy-side confidence and possibly supporting multiple expansion. Telsey Advisory Group Reaffirms Outperform Rating
• Positive Sentiment: Insider activity: a top executive executed a notable share purchase, which investors often view as management confidence in near-term fundamentals. Top Costco Executive Makes a High-Value Move
• Positive Sentiment: Strategic expansion: Costco is pushing standalone gas stations in high-fuel-cost markets and opened a Manitoba Business Centre — moves that enhance value perception and broaden B2B revenue channels. Will Costco’s Gas and Business Centre Refine Its Value Narrative?
• Neutral Sentiment: Operational efficiency: Costco plans automated checkout stations to speed processing and reduce friction; potential margin benefits are longer-term and execution-dependent. Costco to introduce automated checkout stations
• Neutral Sentiment: Competitive context and consumer interest pieces (product roundups, bakery comparisons) keep the brand top-of-mind but are unlikely to move near-term fundamentals. I've worked at Costco for 20 years
• Negative Sentiment: Value-price competition is heating up: Sam’s Club raised membership fees and grocery chains are cutting prices, which could intensify a margin squeeze across the sector; analysts suggest membership-price moves at competitors may pressure Costco to respond strategically. Sam’s Club is hiking its membership fees

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 730 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the sale, the executive vice president owned 6,121 shares of the company's stock, valued at $6,139,485.42. The trade was a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 458 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $955.00, for a total value of $437,390.00. Following the sale, the director directly owned 8,532 shares in the company, valued at $8,148,060. This represents a 5.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,038 shares of company stock worth $4,790,896 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Company Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company's product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco's business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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